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Flynn Gold Limited (ASX:FG1)

ALERT: Price-sensitive ASX Announcement for FG1
Current share price for FG1 : $0.020 -0.005 (-20%)+
Announcement
Release
20 Feb 2026 9:58AM
Price at Release
$0.025
Full Release
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Summary
Flynn Gold Limited has announced the commencement of drilling at the high-grade Silver King Prospect, located in western Tasmania. The area encompasses historical silver-lead-zinc mining operations dating back to the late 19th century. The current drilling program is intended to explore the geometry and continuity of the mineralization beneath and between historical workings. A staged diamond drilling campaign is planned, comprising up to six holes totaling approximately 1,200 meters along the Silver King Trend. The aim is to test the down-plunge extensions of historically mined mineralization and evaluate potential for parallel mineralized structures. This exploration effort is designed to mitigate risks and refine the geological model of the Silver King Trend while assessing the potential for modern high-grade mineralization.
Key Points
  • Flynn Gold Limited's exploration at Silver King Prospect has commenced.
  • Silver King Prospect is located in western Tasmania.
  • Historical mining was conducted in the late 19th and early 20th centuries.
  • Drilling program aims to test mineralization below historical workings.
  • The program consists of up to six diamond drill holes totaling 1,200 meters.
  • Initial drilling will include a minimum of two holes (approximately 440m).
  • The program seeks to evaluate down-plunge extensions and parallel structures.
  • The exploration aims to refine the Silver King Trend's geological model.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.